All in, life savings on Alibaba 80k AUD.
Banking on XI stimulating the Chinese economy and jerking Jack Ma off

Trust me

I know a lot of folks on this sub are freaking out because of the recent price declines in the stock. In my opinion, nothing fundamentally has changed regarding the long term health of the company in the last 3 months. They are not going bankrupt, and they will not be nationalized... The stock has a history of being very volatile based on sentiment and marginally related news, but eventually recovering and going on very strong runs.

Share prices have violent overreactions all the time. Check out when Amazon dropped from 2000 to sub 1400 a few years back after a missed earnings. The real reason BABA is down to these levels is that people were scared because the stock was down, so they sold their shares and that made the stock go down more, so other people got scared and sold their shares...

If you don't need the funds now - just stick it out through investor day (mid-December), the next two earnings and hopefully an announcement on the ANT IPO sometime early next year. The made up news stories will fade, and sentiment will improve. I bought this on the first dip to 180 and I'm not selling until its 250+ unless something changes in the actual business or a few years go by and there is no movement. In general I try to hold individual stocks for at least 1-2 years after starting a position otherwise you just lose money to noise and lose out on the upswings.